VP, Market Risk Manager

The VP, Market Risk Manager is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Responsible for measuring, monitoring and analyzing the market risk exposure on a day-to-day and long-term basis for various financial products and business areas. Leads and supports legal entity oversight. Engages with risk teams regionally and globally to coordinate risk management activities across Citi’s organization. Developed communication and diplomacy skills are required. Significant impact on the area through complex deliverables.

Market risk pertains to potential loss due to market movements such as changes in interest rates, equity prices, credit spreads and foreign exchange rates. Individuals monitor trading limits and are responsible for approving transactions over certain established limits. Work with traders or trading management and recommend actions to mitigate risk. Responsible for monitoring and analyzing the organization’s risk exposure by understanding the risks and rewards of the Citi products. Structures solutions to mitigate risks of those products.

Responsibilities:

• Oversee risk exposure measurement and limit monitoring processes to ensure integrity and appropriate independence of reporting across products, businesses and legal entities. Maintain and develop market risk limits framework with applicable limits and triggers

• Work closely with risk managers responsible for individual product areas, desks and regions

• Support coverage of NA Legal Entities. All MLEs

• Work with senior risk managers in specific areas and interact with global risk management teams

• Assist with the delivery of market risk reporting and commentary for governance programs

• Partner, collaborate and lead communications with other areas within Citi, as necessary.

• Lead analysis, develop associated analytical tools and reporting as required

• Participate in the development and advancement of stress testing, concentration risk monitoring, implementation and upgrade of risk systems

• Working with senior mentors on well-defined mid to long term projects that require technical skills and strategic planning, enabling development in analytical capacity and critical thinking

• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

• 5+ years relevant experience

• Degree in a quantitative or financial discipline

• Knowledge of financial instruments and risk metrics. Quantitative skills including mathematics involved in risk estimation and modelling

• Excellent written and verbal communication skills. Ability to work collaboratively and with people at all levels of the organization. Ability to navigate a complex organization

• Must be a self-starter, flexible, innovative and adaptive. Excellent project management and organizational skills and capability to handle multiple projects at one time.

• Advanced analytical skills Proficient in MS Office applications (Excel/VBA, Word, Power Point) and SQL

• Programming and/or database management experience

Education:

• Bachelor’s/University degree, Master’s degree preferred

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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